More Americans have heard of Dogecoin than Ethereum: Survey


In simply over 5 years because it launched, Ethereum launched the world to good contracts, decentralized finance, yield farming and non-fungible tokens, and has lengthy stood simply behind Bitcoin because the second-largest blockchain mission by market capitalization.

Dogecoin (DOGE) is a meme cryptocurrency which has offered no innovation, has no actual raison d’etre, and is barely standard as a result of it grew to become the plaything of a well-known multi-billionaire in the course of the previous 12 months.

Related articles

So naturally, as one would possibly count on, the common citizen is already extra acquainted with Dogecoin than they’re with Ethereum. That’s in response to the outcomes of a survey carried out by Harris Ballot, at the side of CouponCabin, which requested over 2,000 adults in the US to present their ideas on cryptocurrencies.

In accordance with the survey’s findings, 29% of respondents mentioned they have been acquainted with Dogecoin, in comparison with simply 21% who have been acquainted with Ethereum.

Of the full 2,063 respondents, 89% mentioned they’d already no less than heard of cryptocurrency. Bitcoin was already identified to a majority (71%) of respondents, with Dogecoin being the second most well-known coin.

Different digital property that Individuals claimed familiarity with included the stablecoin launched by Coinbase and Circle, USD Coin (USDC), of which 21% of respondents mentioned they’d data. Some 18% of respondents mentioned they have been acquainted with Litecoin (LTC), and 10% mentioned Stellar (XLM) was identified to them.

When requested whether or not they believed cryptocurrencies would turn out to be the way forward for cash, 31% responded positively, and 30% mentioned they considered crypto as “modern.” On the similar time, 23% of respondents mentioned they regarded cryptocurrency as a get-quick-rich scheme, whereas 19% characterised the expertise as shady or nefarious. Virtually half (44%) of respondents mentioned they’d be open to receiving cryptocurrency as a part of a web-based cashback rewards program.